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| | Risk Management and Internal Controls
The Board considers all principal risks facing Manulife, as well as measures to manage these risks. The Audit Committee ensures that comprehensive policies, risk management policies and internal control systems are in place to mitigate our exposures.
Manulife’s risk policies, risk management processes, internal controls and management information systems are updated on a regular basis to ensure they match our risk profile and comply with regulatory requirements.
As required by the U.S. Sarbanes-Oxley Act, the CEO and the Chief Financial Officer certify our annual financial statements and evaluate and report on the effectiveness of Manulife’s disclosure controls and procedures.
The Audit Committee has direct communication, including in camera meetings, with the internal auditor, independent auditor and Appointed Actuary, as well as with our principal regulator, the Office of the Superintendent of Financial Institutions (Canada).
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